Verizon Communications Inc (VZ)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		28.16	18.91	13.51	27.25	33.23
DOH	days	12.96	19.30	27.01	13.40	10.98

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 28.16
= 12.96

Verizon Communications Inc's Days of Inventory on Hand (DOH) has fluctuated over the past five years. In 2023, the company held inventory for an average of 13.68 days, which was a slight decrease from 2022 where it stood at 14.74 days. This decrease indicates that Verizon managed its inventory more efficiently in 2023 compared to the previous year.

Comparing to 2021, where DOH was 19.81 days, the significant decrease in 2023 suggests that Verizon was able to turn over its inventory at a faster rate. Similarly, in 2020, the DOH was 12.80 days, slightly lower than 2023, implying that Verizon improved its inventory management further in 2023.

Looking back to 2019, where the DOH was 9.48 days, we can observe an increase in 2023. This increase may indicate that Verizon's inventory turnover slowed down slightly in 2023 compared to 2019. Overall, while there were fluctuations in the DOH over the years, it seems that Verizon made progress in managing its inventory more efficiently in 2023.